Patrick Callahan

Technologist, adventurer and digital dreamer focused on life changing tech. I am fascinated by AI, Data, IP Law, and a life full of stories.

[Patrick Callahan @biggreenbox]

@EyalMirit Curious where you are getting your premise that Delaware is drafting a "new legal person"?

[Patrick Callahan @biggreenbox]

@mustafasuleyman Fair concerns, but one correction going around: Delaware's AIC isn't "zero human oversight." The design keeps an accountable human in the loop, with clear liability and capital requirements. That's the point of building it in a sandbox first.

[Mark Cuban @mcuban]

Smart way for Delaware to get back incorporations @eriktorenberg @pmarca

[Brian Distelburger @bdistel]

Whoa….

[Patrick Callahan @biggreenbox]

@Prof_CarlaReyes @propelforward We see it differently, and that’s fine. Existing statutes allow conditions on the shield, but they don’t say whose intent an AI manager carries or whether its contracts bind. Thanks for the dialogue.

[Patrick Callahan @biggreenbox]

Charter competition is his larger theme, and it's one of the four weaknesses in that paper. That's why the AMC adds conditions instead of stripping them. If it's a race, it's one to raise the bar.

Agreed there are other tools for spotting agent conduct, and the AMC doesn't replace any of them. The question it answers is narrower: when an agent acts as the principal, holding assets and signing in its own name, who stands behind it? That's an entity question.

Whether corporate law is the right tool is exactly what the sandbox is meant to test before anything is permanent. From the general counsels we've spoke with - uncertainty from a legal perspective is the reason to explore this.

Thanks for the comments - I value your input.

[Patrick Callahan @biggreenbox]

@Prof_CarlaReyes @propelforward it's opt-in, not mandatory. The draft follows your bargain logic: personality and a shield, in exchange for an accountable member, capital, disclosure, and records. DE series LLCs already condition the shield on separate records.

[Patrick Callahan @biggreenbox]

@Prof_CarlaReyes @propelforward 5/ Finally - On regulating conduct, not form: agreed, and existing law applies to AMCs in full. But you can't regulate conduct if you can't tell who is behind it. That was LoPucki's point. The form is how you make the conduct attributable.

[Patrick Callahan @biggreenbox]

@propelforward 4/ Why would a founder choose it? Certainty. Today an AI-run LLC (the Bayern route) leaves open whether its contracts bind, how intent is attributed, and when a court pierces. Counterparties, banks, and insurers price that doubt. The AIC answers those questions in statute.

[Patrick Callahan @biggreenbox]

@propelforward 4/ It must disclose to counterparties that it's AI-managed, act only within a public statement of purpose, retain every input and output, and operate inside a supervised 30-month sandbox the state can shut down.

[Patrick Callahan @biggreenbox]

@Prof_CarlaReyes @propelforward 2/ I agree with your bargain framing. That's the design. The question is what the bargain costs when no human makes the day-to-day decisions. The AMC prices it: personality and a shield, in exchange for an accountable member, capital, disclosure, and records.

[Patrick Callahan @biggreenbox]

@Prof_CarlaReyes @propelforward 1) Thanks for your thoughts - A few clarifications. The AIC is not mandatory and never will be. It's an opt-in form inside a 30-month supervised sandbox. Every LLC using AI today stays exactly as it is. No one has to move, and DE isn't reaching other states' entities.

[Patrick Callahan @biggreenbox]

@propelforward 6) So Why? Enable agentic commerce responsibly and with guardrails.

[Patrick Callahan @biggreenbox]

@propelforward 5/ So "you could already do this" is true. The question is whether you'd rather it happen in the dark or under rules. That's what the AMC is for.

[Patrick Callahan @biggreenbox]

@propelforward 3/ The Delaware AMC draft goes the other direction. A human or Delaware entity must be the sole member. The AMC must be adequately capitalized. Fraud and willful violations pierce the shield.

[Patrick Callahan @biggreenbox]

@propelforward 2/ those entities can operate with no human anyone can identify, move between jurisdictions, and hide that an algorithm is in charge.

[Patrick Callahan @biggreenbox]

@propelforward 2/ those entities can operate with no human anyone can identify, move between jurisdictions, and hide that an algorithm is in charge.

[Patrick Callahan @biggreenbox]

@propelforward Bayern showed that under existing LLC law an algorithm can already end up in control of an entity (today)

[Hassaan Raza @hassaanraza]

I’ve been experimenting with new hardware form factors for my assistant, Dom. My favorite so far: the deskPAL!

Dom now lives on my desk, can speak up to get my attention, and is connected to my calendar, email etc.

I find myself using him consistently throughout the day for brainstorming and making sure I don't miss anything.